Do you own a retail gift shop and would like to see an increase in sales and valuable time? You should consider using point of sale gift shop software. The right POS software can increase your sales on average of 15% while saving you up to five hours a day.

Advantages of a point of sale system for your gift shop.

You will be able to control all inventory in real-time and keep hot selling items readily available.

Save time and reduce errors by entering the price of the item directly into the POS.

Never have a pricing discrepancy

Fast checkout lines

See if you have an item in stock or do a special order right at the register.

Take time to consider the right Gift Shop Point of Sale Software. Find one that is affordable, easy to use and has readily available technical support. There are many options when choosing a POS. You could host your own software and database or find a web based company that handles all that for you.

Read the article below for more information on Gift Shop Point of Sale.

Open to Buy is essentially a financial budget for retail merchandise. Used correctly and diligently this will greatly improve the financial performance of your retail operation. Open to Buy involves a planning process that is future orientated, provides you assistance on how much merchandise to buy, and provides benchmarks for evaluating and adjusting future plans. The business goal is to stock the right amount of products at the right time, thus reducing markdowns and maximizing profits. Fashion and seasonal merchandise benefit from this plan more than everyday stock. The reason being, is change, you need the right tools to forecast the appropriate and specific type of merchandise that will sell.
Taking the time to form a realistic plan will give you the numbers you need to maintain the correct amount of inventory and improve your overall purchasing power.

Open to Buy is available in many retail software packages as an add-on module. Only a few software companies contain it in their core package, but with the right knowledge and a little research you can set up your own Open to Buy plan in a simple spreadsheet.

To learn more about Open to Buy here are two informative articles that give useful examples to better understand the full range of planning.

WhizBang Training is an excellent resource for building rock solid strategies that will bring your business to the top. Here you will find proven tips that help you in areas of websites, marketing, staff development, sales, customer service, store operations and inventory management. WhizBang also provides free reports that pertain to retail businesses, retailer resources, technology tools and a weekly newsletter that offers success tips. Have you ever wondered how to keep your staff from calling into work or how to make that great first impression to a customer? Visit WhizBang Training and find the answers to these questions and many more.

It’s a fact that over 90% of small businesses fail due to lack of knowledge or skill to run their businesses effectively. The Retail Mastery System provides you with the information you need to make your business successful. The system was developed by Bob and Susan Negen, which have over 35 years combined retail experience. The information, contained in 11 separate units will give you tools and tactics for sales, staffing, financial, inventory and much more. View great videos by Bob and learn more about the great benefits by clicking here to visit the website.Read More…

John talks about major features of a good restaurant POS that will help run your business more efficiently. Three point of sale software programs are recommended that come in a variety of stages so that you don’t have a large out of the pocket expense purchasing all the software at once. John then touches on one main key feature that any point of sale software should have.